Business Loans
Business Loan Collateral and What Lenders Will Accept
You found a lender, the rate looks fair, and then the term sheet asks what you can pledge.
Former underwriter and lending writer, page 3 of 11
Marcus spent over a decade underwriting small business loans for a regional bank before he started writing about the process from the other side of the desk. He explains what a lender is actually looking at, not what a broker says they want to hear.
Business Loans
You found a lender, the rate looks fair, and then the term sheet asks what you can pledge.
Business Credit Cards
Payroll is due Friday, the receivables are late, and your business card has $18,000 of open credit sitting right there.
Lines of Credit
Your business line of credit limit was set when your company was smaller, and now a single large order or a slow-paying...
Funding Readiness
A lender asks for your business debt schedule, and you realize you have never put every loan, card and lease on one page.
Business Loans
You signed a five-year term loan, business picked up faster than planned, and now you want to pay the balance off early.
Business Credit Cards
One late payment on a business credit card can push your interest rate from 21 percent to nearly 30 percent, and it may stay...